By Nolan Miles
P3 Kentucky Staff Writer
Louisville’s aging care business generates over $50 billion in revenue, an industry that many overlook when they think about Derby City. Louisville is the nation’s capital for nursing homes, senior living services, hospice and other aging care services, employing more than 21,000 people in the city.
To fuel the market, however, requires extensive collaboration and innovative, new strategies to combat the rifts in the nation’s existing healthcare industry. The opportunity for investment and partnerships is greater now than ever before as the world’s aging population is expected to reach 83 million by 2050.
Louisville Mayor Greg Fischer has advocated for continued investment in the city’s aging care services to capitalize on its existing industry strengths. Leading healthcare providers and services like Humana, Kindred Healthcare, Atria Senior Living and more are headquartered in the Derby City, and they’re all fumbling to adapt to the changing healthcare environment.
“Everyone is getting pummeled,” says E. Joseph Steier, III, president and chief executive at Signature Healthcare, a Louisville-based provider of long-term nursing care. “How can we be more efficient? We can’t do it all ourselves.”
Read more about Louisville’s aging care industry here.